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Ziproxy is forwarding, non-caching, compressing HTTP proxy server coming to the rescue of Linux (bot 32 and 64 bit) users with slow internet connections. Basically it squeezes images by converting them to lower quality JPEGs or JPEG 2000 and compresses (gzip) HTML and other text-like data. It also provides other features such as: HTML/JS/CSS optimization, preemptive hostname resolution, transparent proxying and more. If you want, you can call it a "web accelerator", although it is not the best name, considering the number of snake oil products advertised as such.

Ziproxy is an option when dealing with low-bandwidth cases like:

ISPs providing dialup services

ISPs providing mobile internet services

HTTP WAN optimization cases

Low bandwidth (or saturated) point-to-point connections in general

Ubuntu Linux users can install it from the repositories (it's in the Universe repo):